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konstantin123 [22]
3 years ago
7

A store that sells a huge variety of one type of product, such as books, in order to dominate the market for that product is cal

led a _________ store.
Business
1 answer:
Maru [420]3 years ago
7 0
 One-Product<span> Companies. i belive

</span>
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On March 15, a fire destroyed Blossom Company's entire retail inventory. The inventory on hand as of January 1 totaled $5300000.
Svet_ta [14]

Answer:

The value of inventory destroyed=$4,082,000

Explanation:

<em>The value of the inventory destroyed is the difference between the the cost of the total goods available for sale and the cost of goods sold</em>

The value of inventory destroyed = cost of goods available for sale - value of inventory sold

Cost of goods sold = 3540,000 - (20%×  3540,000)= 2,832,000

The cost of goods available for dale = opening inventory + purchases + freight charges

$5300000 + $1432000 +  $182000 = 6,914,000

The value of inventory destroyed = 6,914,000 - 2,832,000 = 4082000

The value of inventory destroyed=$4,082,000

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2 years ago
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3 years ago
Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
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Complete Part 1 of the assignment by giving three examples of your workplace strengths and explaining each with one or two parag
lawyer [7]

Answer:

Some examples of strengths you might mention include:

Enthusiasm.

Trustworthiness.

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3 years ago
Which of the following statements is incorrect when allocating service department costs to operating departments?
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Option C is incorrect when allocating service department costs to operating departments.

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Typically, fixed costs are not assigned to working departments; however, they have to be absorbed by the service. This statement is incorrect in the service dept. Cost to Operating dept.

The reciprocal method assigns the cost of services to operating departments and other departments. The reciprocal costs are identified and the costs are assigned to each other and to services offered by each service department.

For example, if Service Department A requires certain services of Service Department B, the cost allocation system would not include these services. Since these services are not delegated to other departments, some auditors assume that the direct approach is not right.

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